What is early retirement if born in 1970?

Early retirement typically refers to the option of retiring before the standard retirement age, which is usually around 65 in many countries. If you were born in 1970, you would likely be eligible for full Social Security benefits in the U.S. at age 67, but you could choose to retire as early as age 62 with reduced benefits. Early retirement can provide more leisure time but may also result in lower lifetime benefits and require careful financial planning.